Cim adds Visa Inc (V) to its portfolio

Visa Inc (V) : Cim added new position in Visa Inc during the most recent quarter end. The investment management firm now holds 7,239 shares of Visa Inc which is valued at $596,856 , the company said in a statement filed on Oct 17, 2016 with the SEC.Visa Inc makes up approximately 0.28% of Cim’s portfolio.

Other Hedge Funds, Including , Blb&b Advisors boosted its stake in V in the latest quarter, The investment management firm added 77 additional shares and now holds a total of 48,624 shares of Visa Inc which is valued at $4,009,049. Visa Inc makes up approx 0.75% of Blb&b Advisors’s portfolio.Private Trust Co Na boosted its stake in V in the latest quarter, The investment management firm added 577 additional shares and now holds a total of 32,625 shares of Visa Inc which is valued at $2,671,009. Visa Inc makes up approx 0.66% of Private Trust Co Na’s portfolio.Oakwood Capital Managementca reduced its stake in V by selling 66 shares or 0.08% in the most recent quarter. The Hedge Fund company now holds 81,324 shares of V which is valued at $6,671,821. Visa Inc makes up approx 1.74% of Oakwood Capital Managementca’s portfolio.Legacy Private Trust reduced its stake in V by selling 2,900 shares or 6.43% in the most recent quarter. The Hedge Fund company now holds 42,177 shares of V which is valued at $3,460,201. Visa Inc makes up approx 0.48% of Legacy Private Trust’s portfolio.Vontobel Asset Management Inc reduced its stake in V by selling 238,282 shares or 4.99% in the most recent quarter. The Hedge Fund company now holds 4,535,999 shares of V which is valued at $377,032,237. Visa Inc makes up approx 2.99% of Vontobel Asset Management Inc’s portfolio.

Visa Inc opened for trading at $82.04 and hit $83.19 on the upside on Friday, eventually ending the session at $82.45, with a gain of 0.71% or 0.58 points. The heightened volatility saw the trading volume jump to 66,98,083 shares. Company has a market cap of $194,649 M.

On the company’s financial health, Visa Inc reported $0.68 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Apr 21, 2016. Analyst had a consensus of $0.66. The company had revenue of $3626.00 million for the quarter, compared to analysts expectations of $3600.06 million. The company’s revenue was up 6.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.63 EPS.

Many Wall Street Analysts have commented on Visa Inc. Company shares were Reiterated by Stifel on Jul 22, 2016 to “Buy”, Firm has raised the Price Target to $ 91 from a previous price target of $86 .

Visa Inc. is a payments technology company. The Company is engaged in operating a processing network VisaNet which facilitates authorization clearing and settlement of payment transactions across the world. The Company provides its services to consumers businesses financial institutions and governments in more than 200 countries and territories for electronic payments. The Company offers fraud protection for account holders and rapid payment for merchants. The Company provides a variety of payment solutions that support payment products that issuers can offer to their account holders such as pay now with debit pay ahead with prepaid or pay later with credit products. The Company offers a suite of digital eCommerce and mobile products and services.

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